Latest news in Canyon Creek Home Sales for December 2022
What you need to know……
How it impacts you……..
December is typically a slower month in real estate with the holidays and so many families traveling. Real estate moves in cycles and generally the first and second quarters are the most active with the most sales.
The beginning of the year we were looking at weeks and sometimes days of inventory. Now in Canyon Creek we are experiencing 2 months of inventory. That is significantly lower than the 6 months which is considered a balanced market.
December sales were a result of 2 homes that were introduced to the market in September and November. One was active for 49 days with several price reductions; the other was Active for 3 days and received multiple offers (my listing).
We must acknowledge prices are not going to continue to escalate like in the past 2 years. The market has shifted; however, we are still in a robust housing market in Texas and in Canyon Creek the average December sold price was up 59%. HOWEVER the two properties sold were much larger (47% larger than last years) thus the higher sold prices, lets put things in perspective. Both properties sold over $1,100,000! Our Canyon Creek market is not dead!
7 properties over the last 90 days have removed their home from market because of lack of showings and excitement. There are ways to correct this with proper pricing, show condition, networking and extensive marketing.
ACTIVE LISTINGS:
Four homes out of 1,300+ homes
PENDING LISTINGS:
One home
SOLD LISTINGS:
Two homes
Navigating the market is evolving on a weekly basis. Sellers’s the more you do to prepare your home for market the stronger your position will be to attract an offer. Stand out from the crowd! Nothing like fresh paint, stellar curb appeal and spectacular photos to catch the eye of the buyer. Remember the eye buys!
Pricing a home correctly is key! The “right” price brings buyers, fewer days on market and higher prices. The number of price reductions is up considerably so don’t fall into that trap by overpricing!
We serve our clients by arming them with strong market knowledge and seasoned experience. Want to know what a buyer would pay for your home? Let’s chat about your goals/intentions and figure out if 2023 is the right time for you to make a move.
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(512) 750-6899 ReloAustin.com CanyonCreekNews.com |
I specialize in Listing and Selling homes in the NW Austin Area. I use my experience to guide clients through the process, whether selling or buying. It’s a beautiful thing when your career and a passion come together. I love what I do!
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